Wondering how much it costs to start an event management company?
Here's a detailed list of an event management company startup costs:
There are a few key costs associated with forming your business entity, such as setting up an LLC and getting trademarks, copyrights, and patents sorted.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Small Business Insurance | $500 | $2,000 |
Permit and License Fees | $50 | $700 |
Lawyer Fees | $0 | $1,500 |
Set up business: LLC & Corporations | $50 | $500 |
Your event management company needs software to run efficiently!
Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Design Programs & Software | $0 | $50 |
Email marketing tool | $0 | $100 |
IT Support ➜ | $150 | $2,000 |
Accounting & Invoicing Software | $0 | $50 |
CRM Software | $0 | $250 |
Internal Communication Tool | $0 | $20 |
Social Media Management Tools | $0 | $50 |
Payroll Software | $0 | $200 |
It will be your call to determine if you need office space. It is not a requirement but may be necessary as your event management company grows.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Rent | $0 | $2,000 |
Utility Costs (office space) | $0 | $150 |
Office Supplies | $25 | $1,000 |
WiFi | $10 | $100 |
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Payroll | $0 | $4,000 |
Other Employee Expenses | $0 | $1,000 |
Employee Reward Ideas | $0 | $500 |
Starting an event management company may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Technology Office Equipment | $500 | $5,000 |
Cleaning Supplies | $25 | $500 |
First-aid Equipment | $25 | $500 |
Uniforms | $0 | $500 |
Every business should have a website, and it's worth spending a bit of money to set it up right.
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Website builder | $15 | $100 |
Web Design ➜ | $200 | $6,000 |
A Domain Name ➜ | $12 | $200 |
Email hosting | $5 | $75 |
Server Hosting | $0 | $50 |
Website chat function | $0 | $75 |
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Travel | $0 | $1,500 |
Time! | $0 | $500 |
Cost | Min Startup Costs | Max Startup Costs |
---|---|---|
Business Cards | $0 | $50 |
Customer Research & Surveys | $0 | $300 |
Business Signage ➜ | $75 | $2,486 |
Direct Campaigns, Printing and Mailing | $0 | $300 |
Affiliate Marketing Commission & Fees | $0 | $250 |
Influencer Marketing | $0 | $750 |
Google Ads | $0 | $300 |
Facebook & Instagram Ads | $0 | $350 |